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CAD to MXN - Rate Guide

Canadian Dollar to Mexican Peso exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

CAD/MXN update & alerts

1 CAD = 14.72 MXN

CAD to MXN - Trading Range (90 Day)
ALERT: 1-DAY ▲ 1% 🔔 |
At 14.59 CAD/MXN is trading 1% below its 90 day average with range 14.44 to 15.16. ALERT: CAD/MXN is UP 1% for 1-DAY. Updated: 08:01-AEDT 21:01-GMT 16:01-EST

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CAD/MXN Exchange Rates and Providers Compared

This guide to the Canadian Dollar to Mexican Peso exchange rate with 90-day chart & alerts, historic rates, forecasts and CAD to MXN comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our CAD/MXN Quick Calculator.

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for CAD/MXN International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

CAD to MXN International Money Transfers

  

Foreign Transfer ProvidersReceive MXN(Mex$)Exchange RateFee CADTotal CostDeal Links
OFX logo
Mex$143,200
Best Overall
14.320^1.89%
XE logo
Mex$144,100
Mex$900 more
14.4101.27%
HSBC logo
Mex$140,189
Mex$3,011 less
14.04C$153.95%
Coast Capital Savings International Money Transfers
Coast Capital Savings logo
Mex$139,194
Mex$4,006 less
14.06C$1004.63%
Scotiabank logo
Mex$138,996
Mex$4,204 less
14.04C$1004.77%
TD Canada Trust logo
Mex$138,996
Mex$4,204 less
14.04C$1004.77%
Banks - Average Rate
Coast Capital Savings logo Scotiabank logo Royal Bank of Canada logo HSBC logo TD Canada Trust logo
Mex$138,997
Mex$4,203 less
14.02154.77%
Royal Bank of Canada logo
Mex$137,610
Mex$5,590 less
13.9C$1005.72%
 

OFX logo

OFX: Foreign Transfer CAD→MXN
From Amount (CAD)C$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $15 for smaller transfers)
Exchange Rate:14.32 (1.89% from mid-rate)
To Amount (MXN) Mex$143,200
Total Cost:1.89%
Time:
Rate Fetched: Wed Nov 13 2019 05:05:03 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

XE logo

XE: Foreign Transfer CAD→MXN
From Amount (CAD)C$10,000
Fee:
Exchange Rate:14.41 (1.27% from mid-rate)
To Amount (MXN) Mex$144,100
Total Cost:1.27%
Difference:
Mex$900 MXN more than using OFX
Time:6:04 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 

HSBC logo

HSBC: Foreign Transfer CAD→MXN
From Amount (CAD)C$10,000
Fee:C$15 CAD (.15%)
Exchange Rate:14.04 (3.81% from mid-rate)
To Amount (MXN) Mex$140,189
Total Cost:3.95%
Difference:
Mex$3,011 MXN less than using OFX
Time:6:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Coast Capital Savings logo

Coast Capital Savings: Foreign Transfer CAD→MXN
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:14.06 (3.67% from mid-rate)
To Amount (MXN) Mex$139,194
Total Cost:4.63%
Difference:
Mex$4,006 MXN less than using OFX
Time:6:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Scotiabank logo

Scotiabank: Foreign Transfer CAD→MXN
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:14.04 (3.81% from mid-rate)
To Amount (MXN) Mex$138,996
Total Cost:4.77%
Difference:
Mex$4,204 MXN less than using OFX
Time:6:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

TD Canada Trust logo

TD Canada Trust: Foreign Transfer CAD→MXN
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:14.04 (3.81% from mid-rate)
To Amount (MXN) Mex$138,996
Total Cost:4.77%
Difference:
Mex$4,204 MXN less than using OFX
Time:6:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer CAD→MXN
From Amount (CAD)C$10,000
Fee:15
Exchange Rate:13.87 (4.97% from mid-rate)
To Amount (MXN) Mex$138,997
Total Cost:4.77%
Difference:
Mex$4,203 MXN less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Royal Bank of Canada logo

Royal Bank of Canada: Foreign Transfer CAD→MXN
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:13.9 (4.77% from mid-rate)
To Amount (MXN) Mex$137,610
Total Cost:5.72%
Difference:
Mex$5,590 MXN less than using OFX
Time:6:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 11/13/2019 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount MXN(Mex$)Exchange RateFee CADTotal CostDeal Links
Travelex Online CA logo
Mex$14,080
Best Overall
14.08$03.54%
Royal Bank of Canada logo
Mex$13,770
Mex$310 less
13.7705.66%
TD Canada Trust logo
Mex$13,630
Mex$450 less
13.6306.62%
Banks - Average Rate
Scotiabank logo Royal Bank of Canada logo TD Canada Trust logo
Mex$13,596
Mex$484 less
13.69C$106.85%
Scotiabank logo
Mex$13,387
Mex$693 less
13.66C$208.28%
 

Travelex Online CA logo

Travelex Online CA: Travel Money CAD→MXN
From Amount (CAD)C$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:14.08 (3.53% from mid-rate)
To Amount (MXN) Mex$14,080
Total Cost:3.54%
Time:
Rate Fetched: 6:04 Local
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

Royal Bank of Canada logo

Royal Bank of Canada: Travel Money CAD→MXN
From Amount (CAD)C$1,000
Fee:
Exchange Rate:13.77 (5.66% from mid-rate)
To Amount (MXN) Mex$13,770
Total Cost:5.66%
Time:6:04 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 

TD Canada Trust logo

TD Canada Trust: Travel Money CAD→MXN
From Amount (CAD)C$1,000
Fee:
Exchange Rate:13.63 (6.62% from mid-rate)
To Amount (MXN) Mex$13,630
Total Cost:6.62%
Time:6:04 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money CAD→MXN
From Amount (CAD)C$1,000
Fee:C$10 CAD (1%)
Exchange Rate:12.77 (12.51% from mid-rate)
To Amount (MXN) Mex$13,596
Total Cost:6.85%
Currency Services:Branch
Delivery/Collect:-
 

Scotiabank logo

Scotiabank: Travel Money CAD→MXN
From Amount (CAD)C$1,000
Fee:C$20 CAD (Minimum fee)
Exchange Rate:13.66 (6.41% from mid-rate)
To Amount (MXN) Mex$13,387
Total Cost:8.28%
Time:6:04 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 11/13/2019 - See full table

CAD and MXN in the Markets

When determining the best time to make a foreign exchange transaction, in this case the CAD vs MXN, you should pay attention to the recent market trends for both currencies.

Canadian Dollar (CAD)

The Canadian dollar stormed ahead in the second half of June, rising to a 16-week high against the US dollar and to 8-month highs against the euro, pound, Australian and New Zealand dollars. Against the Aussie, a minimal additional increase would take CAD to a 9-year high.

Supporting the loonie was a 10 percent rise in the oil price (oil is among Canada’s most exported products but is volatile and can’t be relied upon), a large and welcome jump in inflation, and dovishness at major central banks of the world, including the Federal Reserve, ECB and RBA.

Any delay to Canadian ratification of the USMCA trade deal (already accepted by Mexico) is likely to depress sentiment on Canada’s currency.

Read more in the article CAD Forecasts.

 

Mexican Peso (MXN)

At 18.8 per US dollar, the Mexican peso was trading on April-20 close to its strongest level in 6 ½ months, though it was meeting significant resistance (USD/MXN support) at 18.75—a level from which the peso was repelled twice last October, in March, and once already in April.

Boosting the peso has been the thriving oil market. Oil is high on the list of Mexico’s top exports and by April-20 it was up 44 percent for the year to $65 per barrel.

Also supporting the peso has been the dovish turn by the Federal Reserve. With no increase in US interest rates projected this year, the dollar will weaken and the peso should gain value because Mexico holds high levels of dollar-denominated debt, which becomes easier to repay when dollars are cheap and US rates are low.

Earlier this year, ING said that the peso would be among 2019’s best performing emerging market currencies, though newly-formed BlueLine Asset Management said one if its first market bets would be on peso depreciation based on disappointing economic growth.

Why can't I just get the CAD/MXN market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the CAD / MXN was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all CAD Exchange Rates